Question $2$: A property costing $ $750,000$ was purchased on $1$ January $20\backslash$times $4$ and is being depreciated over its useful life of $10$ years. It has no residual value. At $31$ December $20\backslash$times $4,$ the property was valued at $ $810,000.$ There was no change to its useful life. On $31$ December $20\backslash$times $6,$ the property was sold for $ $900,000.$ Required: Calculate the profit$/($loss$)$ on disposal of the asset on $31$ December $20\backslash$times $6.$